Hammer Metals Intersects Further Mt Isa Copper and Gold

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THE DRILL SERGEANT: Hammer Metals (ASX: HMX) reported further assay results from Reverse Circulation (RC) drilling completed in September across the company’s Mt Isa portfolio in North Queensland.

Hammer Metals had previously reported initial results from drilling at the Hardway prospect while the latest results stem from the Bulonga, Pommern, Tourist Zone and Overlander Central prospects.

Drilling at the Tourist Zone confirmed and extended mineralisation encountered in previous drilling, with new intercepts of:

HMTZRC001
30 metres at 0.8 per cent copper and 0.24 grams per tonne gold from 121m, including 15m at 1.13 per cent copper and 0.24g/t gold; and

HMTZRC002
12m at 1.14 per cent copper and 0.18g/t gold from 107m, including 2m at 3.02 per cent copper and 0.53g/t gold.

An initial drill hole at the Bulonga prospect hit an encouraging zone of copper and gold mineralisation of:

HMPORC003
5m at 2 per cent copper and 0.64g/t gold from 18m.

Drilling at Overlander continued to deliver broad zones of copper mineralisation, including:

OVRC037
113m at 0.21 per cent copper; and

OVRC038
90m at 0.23 per cent copper.

“Overall, this 3,500 metres drilling program has exceeded our expectations with multiple targets delivering significant intersections of both copper and gold mineralisation,” Hammer Metals managing director Daniel Thomas said in the company’s ASX announcement.

“The Tourist zone program has confirmed historical work in this region and highlights great potential along strike.

“At Overlander, the area of mineralised copper continues to grow.

“We continue to improve our understanding of this system, with a view to pinpointing a more substantive zone of higher-grade material in what is a very broad halo of lower grade copper mineralisation.

“We were pleasantly surprised by the gold mineralisation encountered at Kalman North in the bottom of the final drill hole.

“The final batch of assay results from this recent program of drilling are imminent and highly anticipated given they included holes drilled to follow up previous 50 metres plus intercepts at grades in excess of one per cent copper at both South Hope and Mount Mascotte.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Dreadnought Resources Reports Large, High Confidence Yin Ironstone Resource

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THE DRILL SERGEANT: Dreadnought Resources (ASX: DRE) has delivered an updated Mineral Resource Estimate (MRE) for the Yin REE Ironstone Complex thin the company’s 100 per cent-owned Mangaroon project in Western Australia.

Dreadnought Resources reported the Yin REE Ironstone Complex Resource to now stand at 29.98 million tonnes at 1.04 per cent total rare earth oxides (TREO), 87 per cent of which is in the high confidence Measured & Indicated categories delivered in only 18 months from discovery.

The company declared the updated MRE confirms the Mangaroon project as a, “globally significant critical minerals complex”, with a combined, high confidence Resource at Yin and the Gifford Creek Carbonatite of 40.82 million tonnes at 1.03 per cent TREO.

“Since drilling commenced in June 2022, Dreadnought has delivered another substantial increase in the initial Resource over just 4.6 kilometres of the Yin Ironstone Complex,” Dreadnought Resources managing director Dean Tuck said in the company’s ASX announcement.

“The upgraded independent Resource confirms Yin as a high-grade and high Resource intensity deposit.

“Both material factors in a project’s economics.

“Yin continues to demonstrate one of the highest NdPr (neodymium-praseodymium):TREO ratios in the world.

“We are proud of how much has been achieved in such a short space of time and are looking forward to continuing to build on the regions potential in 2024.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Accelerate Resources Reports Woodie Woodie Manganese Mineral Resource Estimate

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THE DRILL SERGEANT: Accelerate Resources (ASX: AX8) has produce a Mineral Resource Estimate (MRE) for the company’s Woodie Woodie North manganese project in Western Australia.

Accelerate Resources announced maiden inferred Mineral Resources totalling 1.2 million tonnes at 19.1 per cent manganese (at 15% Mn cut-off).

The company explained the MRE was achieved by integrating historical drilling data with recent Phase 1 to 4 Reverse Circulation (RC) drilling campaigns completed during 2022 and 2023 at the Barra North Area 1, Barra South Areas 3 and 4, and Area 42.

“The maiden Mineral Resources represent a significant step forward for the Woodie Woodie North project and our shareholders,” Accelerate Resources executive director – technical Steve Bodon said in the company’s ASX announcement.

“We are focused on growing the Mineral Resource inventory over the project area, and the company is well positioned to achieve this with the significant upside opportunity the Exploration Targets present.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Southern Cross Gold Drills Sunday Creek Gold Extension

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THE DRILL SERGEANT: Southern Cross Gold (ASX: SXG) reported on recent drilling activity between the historic Golden Dyke and Christina mining areas at the company’s 100 per cent-owned Sunday Creek project in Victoria.

Southern Cross Gold announced an encounter with further high-grade mineralisation and two new vein sets from four drill holes undertaken between the targets, from which it has claimed high-grade mineralisation was discovered 250 metres west of previous drilling, representing a 29 per cent increase in the known strike length.

Highlights include:

SDDSC086 (150m west of previous drilling):
2.8 metres at 7.4 grams per tonne gold equivalent (AuEq) (4.4g/t gold, 1.9 per cent antimony) from 252.7m, including 0.5m at 38.4g/t AuEq (22.1g/t Au, 10.3% Sb) from 252.7m, and
3.1m at 21.3g/t AuEq (20.6g/t Au, 0.4% Sb) from 266.5 m, including 1.8m at 35.3g/t AuEq (34.5g/t Au, 0.5% Sb) from 266.5m; and

SDDSC090 (250m west of previous drilling):
9.8m at 4.6g/t AuEq (4g/t Au, 0.4% Sb) from 346.9m, including 2.2m at 12.7g/t AuEq (11g/t Au, 1.1% Sb) from 347.6m.

“With three of four drill rigs operating within the main areas of Rising Sun and Apollo, these holes were drilled in the opposite direction to the west to see if mineralisation extended towards Christina,” Southern Cross Gold managing director Michael Hudson said in the company’s ASX announcement.

“We have had immediate success, delivering on SXG’s strategy to demonstrate grade, volume and scale at Sunday Creek.

“Firstly, we have extended the drilled mineralised footprint of the main zone from 850 metres to 1,100 metres along strike.

“Secondly, we intersected two new veins sets hitting 3.1 metres at 20.6 grams per tonne gold (SDDSC086) and 9.8 metres at 4 grams per tonne gold (SDDSC090).

“With only four holes drilled, most of the mineralised host in this area remains untested.

“Thirdly, we intersected high-grades, including 1.8 metres at 34.5 grams per tonne gold (SDDSC086) and 0.4 metres at 42.6 grams per tonne gold (SDDSC090) within broader 3 metres to 10 metres wide vein sets.

“Finally, these results show the potential for multiple repeats and extensions of veins sets at depth in undrilled areas from the most westerly drilling at Rising Sun (SDDSC082) to Christina within 700 metres of undrilled strike potential.

“Further drilling continues to highlight the significance of the Sunday Creek discovery, with extremely high-grades observed across the project, within multiple veins sets (up to 25 defined to date) and more being continuously found.

“With the host extending eight kilometres in length from the Christina to the regional Leviathan/Tonstal prospects we are only scratching the surface of the opportunities that await at Sunday Creek.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

 

Elementos Reports Zinc Mineral Resource at Oropesa Tin Project

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THE DRILL SERGEANT: Elementos (ASX: ELT) reported a zinc Mineral Resource Estimate (MRE) at the company’s Oropesa tin project in Spain.

Elementos delivered the MRE of 23.75 million tonnes at 0.42 per cent zinc (96% classified as Measured and Indicated Resources) following a detailed geological investigation into the continuity of the mineralisation.

The company explained the project’s tin MRE that was reported in February remains unchanged at 19.6 million tonnes at 0.39 per cent tin.

The company will now work on development of a by-product flow sheet to recover and produce a saleable zinc concentrate from material which would otherwise be sent to the tailings dam that it anticipates will deliver environmental, mining and economic benefits.

Elementos highlighted that the zinc production will not affect the main tin concentrate production at Oropesa.

“Whilst tin remains the primary mineral of interest at Oropesa it is now confirmed that zinc will also be in consideration as a by-product stream for the company, delivering a more financially robust project with stronger environmental and mining benefits,” Elementos managing director Joe David said in the company’s ASX announcement.

“As a majority of this zinc mineralisation is already planned to be mined and processed with our tin, we are pleased the metallurgical test work has shown that a relatively small additional circuit can recover zinc efficiently from a stream that would have otherwise ended up in the tailings dam as waste.

“This will not only lower the metal content in our tailings dam but make more efficient use of the ore body we plan on mining, which demonstrates our commitment to responsible mining practices.

“We will continue to evaluate the economics of the zinc by-product stream and consider it for inclusion in the Basis of Design of our DFS for the Oropesa project.

“The data to date makes a strong case that the incremental capital and operating costs associated with producing a zinc concentrate are likely to be relatively minor compared to overall project development costs, creating a strong economic basis for further assessment.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Charger Metals Confirms New Spodumene Pegmatites

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THE DRILL SERGEANT: Charger Metals (ASX: CHR) reported on lithium assay results from rock chip samples taken at the company’s Lake Johnston lithium project in Western Australia.

Charger Metals said the samples were taken from a newly discovered pegmatite outcrop at the project and have confirmed the presence of lithium mineralisation.

Three samples collected from across the outcrop all returned encouraging lithium results of 4.2 per cent, 3.7 per cent, and 3.5 per cent lithium oxide (Li2O).

The company explained the outcrop was initially discovered during field mapping by its geologists and extends for 85 metres.

The spodumene-bearing pegmatite outcrop strikes northeast towards the project’s 1.2 kilometres trending Medcalf spodumene prospect, along which two other pegmatite outcrops have previously been mapped.

“The discovery of this high-grade spodumene-bearing pegmatite outcrop is exciting and highlights the prospectivity of our Lake Johnston lithium project,” Charger Metals managing director Aidan Platel said in the company’s ASX announcement.

“The fact we have three pegmatite outcrops with visual spodumene and confirmed high-grade lithium assays along a 1.2 kilometres trend suggests the potential for large-scale lithium mineralisation, in close proximity to our Medcalf spodumene prospect where earlier this year we drilled a swarm of high-grade spodumene bearing pegmatite veins over a strike of 700 metres.

“This new trend of pegmatites is obviously a high priority target and will be incorporated into the upcoming drill programs at Medcalf.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Cygnus Metals Declares “Spectacular” Rock Chip Results from Pegasus

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THE DRILL SERGEANT: Cygnus Metals (ASX: CY5) reported on recent surface rock chip activity undertaken at the company’s Auclair lithium project in James Bay, Quebec.

Cygnus Metals declared the results achieved from the project’s recent Pegasus and Lyra pegmatite discoveries as “spectacular”.

The company described Pegasus and Lyra as two newly discovered areas with spodumene-bearing pegmatite outcrops that are only 1.7 kilometres apart and demonstrate scale to be, “potential major lithium discoveries”.

The recent rock chip results from Pegasus include grades of 6.6 per cent lithium oxide (Li2O), 5.5 per cent Li2O, 5.3 per cent Li2O, 4.6 per cent Li2O, 2.2 per cent Li2O, 1.8 per cent Li2O, 1.5 per cent Li2O, and 0.7 per cent Li2O.

Results from rock chips from Lyra include 6.7 per cent Li2O and 2.0 per cent Li2O.

Cygnus has interpreted the high-grade results to highlight Auclair to be a highly fertile system with lithium mineralisation now identified over 6km to date between the Auriga, Lyra and Pegasus discoveries.

“Pegasus and Lyra represent outstanding drilling targets with immense potential given their favourable location to infrastructure, their grade and outcrop size,” Cygnus Metals managing director David Southam said in the company’s ASX announcement.

“Our aim is to expand on the mineralised footprint at surface by drilling at depth and along strike, while potentially linking up these two outcrops which may be part of one large continuous dyke.

“Pegasus is on track to be drilled in January.

“This will be followed by drilling at Lyra, where the results already show that the system we have been targeting at Auclair is extremely fertile.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Lithium Energy Scores High Marks for Burke Graphite Battery Anode Material Testwork

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THE DRILL SERGEANT: Lithium Energy (ASX: LEL) announced “excellent” spheronisation and purification testwork results with graphite concentrate produced from the company’s Burke graphite project in north-west Queensland.

Lithium Energy said the results, although hard to pronounce, would provide key design criteria metrics to enable the company to progress the Battery Anode Material (BAM) Facility component of its current Pre-Feasibility Study (PFS).

The completed BAM testwork has defined the process flowsheet requirements to produce high purity 99.97 per cent Total Graphitic Carbon (TGC) spheronised graphite material, which will be suitable as feedstock for the battery anode making process.

“The exceptional results of the BAM testwork conducted on the 95 per cent TGC Burke graphite concentrate have surpassed expectations,” Lithium Energy executive chairman William Johnson said in the company’s ASX announcement.

“The development of a flowsheet that supports a two-product strategy, along with the exceptional purity of the final spherical purified graphite of 99.99 per cent TGC, underpins the quality of the Burke graphite and supports the vertically integrated BAM strategy Lithium Energy is implementing.

“We anticipate that the restrictions placed on graphite exports by China will further tighten the market and accelerate the demand for natural graphite, which is a key battery anode material required in all lithium-ion batteries.

“Given the high-quality BAM results from the Burke graphite deposit, the overall metallurgical characteristics and favourable location in North-West Queensland, the Burke graphite project is very well positioned to take advantage of this expected massive growth in demand for battery anode material.

“We are excited to be taking this next step in the advancement of Burke and to be playing an important role in supporting the decarbonisation of the world.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

Moho Resources Confirms Thick, High-Grade Clay-Hosted REE at Peak Charles

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THE DRILL SERGEANT: Moho Resources (ASX: MOH) reported assay results from recent reconnaissance aircore drilling undertaken at the company’s Peak Charles project north of Esperance in Western Australia.

Moho Resources explained the objective of the phase 2 drill program was to test the continuation of clay basin hosted rare earth elements mineralisation, which it had identified between three different prospects during the first phase of drilling.

Of the 43 phase 2 aircore drill holes completed, 81 per cent returned assays greater than 300ppm total rare earth oxide (TREO) and 35 per cent returned assays greater than 750ppm TREO.

TREO results returned from the Top Block prospect demonstrated large thicknesses of high-grade clay-hosted mineralisation (grades below based on 300ppm TREO cutoff), including:

PPAC095
56 metres at 1,023ppm TREO from 24m, including 18m at 1,470ppm TREO;

PPAC094
40m at 689ppm TREO from 30m, including 6m at 1,057ppm TREO;

PPAC096
21m at 1,056ppm TREO from 24m, including 8m at 1,528ppm TREO; and

PPAC097
18m at 971ppm TREO from 20m, including 6m at 1,185ppm TREO.

“The second phase of Outstanding Total Rare Earth results from Peak Charles with large thicknesses of clay hosted rare earth mineralisation over 1.4 kilometres is a fantastic outcome for the company’s critical minerals strategy,” Moho Resource managing director ralph winter said in the company’s ASX announcement.

“With positive landholder relationships being cultivated the company is perfectly situated to take advantage of the burgeoning clay hosted rare earth province near Esperance and now has multiple targets to expand across the project.”

Moho’s next activity is to include a passive seismic survey over the Top Block prospect to define the extent of the Top Block clay basin as well as aircore drilling at Rollond East prospect and road reserve access drilling around the Gimli prospect.

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE

 

Sunshine Metals Gold Hit Confirms Liontown Feeder Zone

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THE DRILL SERGEANT: Sunshine Metals (ASX: SHN) reported on recent drilling activity at the Liontown prospect within the company’s Ravenswood Consolidated project in North Queensland.

Sunshine Metals announced it has intersected multiple high-grade gold zones in the first of 12 RC holes at the Liontown prospect, which it has interpreted to be gold and copper rich feeder zones to the project’s overlying 2.3 million tonne zinc-gold-copper VMS Resource.

The company declared the assays from the first hole into this zone as ‘exceptional’, adding they validate the new Main Feeder concept:

23LTRC002
2 metres at 8.99 grams per tonne gold from 20m
1m at 4.54g/t gold from 42m, and
17m at 22.14g/t gold from 67m, Including 6m at 58.74g/t gold from 68m.

“The stunning intercepts at Liontown are a great reward for the solid geological work completed by the team,” Sunshine Metals managing director Dr Damien Keys said in the company’s ASX announcement.

“The decision was made to target the gold-copper rich footwall and feeder zones to the Liontown Resource with a high impact, shallow RC program.

“The feeder zones have not been recognised by past explorers and are often difficult to target.

“We have also completed a shallow diamond hole into the feeder target, approx. 30 metres west of the intercept in 23LTRC002.

“The diamond hole will yield critical structural orientation data, which will be used to target the feeder to the north of the current Liontown Resource.

“The identification of the likely feeder zone has given us confidence in our novel approach.

“It also suggests that there are possibly two further feeder zones that are poorly drill tested.

“One coincides with the historic Carrington gold workings and the second is potentially located in the under drilled Gap Zone between Liontown and Liontown East.

“The find presents a new opportunity to rapidly grow the gold and copper inventories at the Liontown Resource and validates a means of hunting these feeder zones at other VMS prospects nearby including Waterloo and Orient.”

 

TO READ THE FULL ANNOUNCEMENT: CLICK HERE